Day: November 22, 2024

Bankrupt Crypto Exchange FTX Set To Begin Paying Creditors and Customers in Early 2025, Says CEO

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The CEO of fallen crypto exchange FTX says the firm will begin distributing its bankruptcy payments soon. In a statement, John Jay Ray III says payments to FTX creditors and customers will begin early next year amid anticipation that the company’s court-approved Chapter 11 Plan of Reorganization will be effective by early January 2025. “We are pleased to announce that we will begin distributing proceeds in early 2025. The timeline laid out reflects the experience and continued work of the team of professionals supporting the Debtors, who already have recovered…

Dogecoin Set To Skyrocket By Saturday, Warns Crypto Analyst

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Este artículo también está disponible en español. Crypto analyst Kevin (@Kev_Capital_TA) has identified a bullish pennant formation in the 4-hour Dogecoin / USD price chart, indicating that a significant price movement could occur by this coming Saturday. In a post on X, Kevin remarks: “Dogecoin is now forming a more defined potential bullish pennant that has multiple touch points on each side with plenty of consolidation time. Something to keep an eye on folks.” Dogecoin Price Breakout By Saturday? The chart shared by Kevin illustrates a bull pennant pattern. A…

Another U.S. SEC Democrat to Drop Out, Leaving Republicans Running Agency by February

Commissioner Jaime Lizárraga is leaving January 17, he said in a Friday statement, which could give Republicans a head start on what could otherwise have been months of delay in redirecting the regulator’s policies — including on cryptocurrency. At this point, Caroline Crenshaw will be the sole Democrat on the five-member commission going into 2025, and her term has already expired, putting her into an extension that can last as long as about 18 months. Source

AI-Led Investment Fund Sees Bitcoin Price (BTC) Going to $140K

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Another memorable trade: chipmaker giant Nvidia has been AI’s top pick since the experiment began in summer of 2023. “Back then, I was like, ‘Oh, my God.’ Nvidia had run so much at that point,” Clinton said. “But it’s up now like 400% from the moment the AI picked it.” The lesson in there, he says, is humans will react to charts emotionally, whereas AI “just doesn’t care. It says ‘No, this is going to go higher.’” Original

$99K Bitcoin Reacts To Gensler’s SEC Departure Announcement

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Este artículo también está disponible en español. Bitcoin (BTC) jumped beyond $99,000 on Thursday, setting a new milestone before easing slightly. The milestone comes on the heels of substantial political and market events that have increased investor trust in digital assets. Related Reading Rumors of Securities and Exchange Commission (SEC) Chair Gary Gensler’s departure, as well as Donald Trump’s prospective crypto-friendly policies, have fueled the crypto space’s excitement. Inspired by hope for a possible change in US financial policy, Bitcoin surged to $99,126 from a dismal beginning of the session.…

First Cash-Settled Bitcoin Options to Debut on Cboe

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Cboe Global Markets, Inc., announced plans to launch the first cash-settled options product linked to spot bitcoin, effective Dec. 2. The new offering seeks to enhance access to cryptocurrency derivatives for investors. New Bitcoin Options to Launch on Cboe Platform According to the announcement, the new product will be exclusively traded on the Cboe Options […] Original

Cboe to launch first cash-settled options for spot Bitcoin

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Cboe Global Markets plans to launch the first cash-settled index options that will reflect the price of spot Bitcoin. The Cboe Bitcoin U.S. ETF Index, with the ticker CBTX, will track the performance of spot Bitcoin (BTC) exchange-traded funds listed in the U.S. The product will be regulated by the U.S. Securities and Exchange Commission and is expected to go live on the Cboe Options Exchange on Dec. 2. CBTX is a modified market cap-weighted spot BTC ETF jointly offered by Cboe Labs and Cboe Global Indices, the derivatives exchange…